Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2024

• 27 September 2024 2:48 am

  Gold Bulls Remain Cautious Ahead of US PCE Price Index

  

  Gold prices, having recently reached a new all-time high, are currently facing a period of consolidation as investors await the release of the US Personal Consumption Expenditure (PCE) Price Index. While the market is anticipating a further easing of monetary policy by the Federal Reserve, the upcoming inflation data could …

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• 27 September 2024 12:43 am

  Saudi Arabia’s Production Boost Weighs on WTI

  

  The Global Oil Landscape ShiftsThe recent announcement from Saudi Arabia to increase oil production has sent ripples through the global energy market. West Texas Intermediate (WTI), the US crude oil benchmark, has been under pressure as a result.While Saudi Arabia’s decision to boost production offers a potential solution to global …

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• 26 September 2024 11:35 pm

  Potential Impact of Chinese Stimulus on Investor Portfolios

  

  The latest decisions taken by Beijing to revitalize the Chinese economy are having a noteworthy impact on the international market. China’s economy, the second largest worldwide, has a lot of ramifications, particularly for Western businesses who have a lot of exposure to the area. Let’s examine how this stimulus can …

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• 26 September 2024 9:42 pm

  Strong US Economic Data Fuels Market Rally

  

  The S&P 500 reached a new all-time high on Thursday, buoyed by positive economic indicators and strong corporate performance. This surge suggests a robust economy that may alleviate concerns about an aggressive Federal Reserve interest rate cut.Key Economic Indicators Point to a Healthy Economy: Several economic data points contributed to …

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• 26 September 2024 7:24 pm

  GBP/USD Recovers, Aims for 1.3400 on Upbeat Sentiment

  

  GBP/USD gains 0.59%, trading at 1.3394 after rebounding from a daily low of 1.3312. Break above 1.3400 could push the pair towards the YTD high of 1.3437 and further resistance at 1.3500. Failure to reclaim 1.3400 may lead to testing the September 25 low of 1.3312.The Pound Sterling climbs over …

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• 26 September 2024 5:44 pm

  Analysis of Powell’s Speech: Significance and Key Themes

  

  The speech delivered by Fed Chair Jerome Powell at the 10th Annual US Treasury Market Conference marks a significant milestone in the understanding and regulation of the US Treasury market. It provides a historical context for the conference’s inception, highlights the market’s crucial role in the economy, and underscores the …

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• 26 September 2024 3:15 pm

  U.S. Dollar Consolidates After Sharp Rebound; Eyes on Federal Reserve Speeches

  

  The U.S. dollar edged lower on Thursday as traders awaited more speeches from key Federal Reserve policymakers, following a sharp rally in the previous session. The Dollar Index, which measures the greenback against a basket of six other currencies, was down 0.1% to 100.565 as of 04:40 ET (08:40 GMT). …

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• 26 September 2024 12:48 pm

  Swiss National Bank Cuts Interest Rates Amid Taming Inflation

  

  On Thursday, the Swiss National Bank (SNB) announced a 25 basis point cut to its interest rates, marking its third reduction this year. This adjustment brings the policy rate down to 1.00%, the lowest level since early 2023. The decision aligns with similar moves by the European Central Bank and …

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• 26 September 2024 11:41 am

  Oil Prices Decline as Saudi Arabia Signals Shift in Strategy

  

  Oil prices fell on Thursday, reversing earlier gains as market sentiment was impacted by news that top exporter Saudi Arabia is planning to abandon its unofficial crude oil price target of $100 per barrel in preparation for expanded production. Market Overview Brent crude futures dropped by 55 cents, or 0.75%, …

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• 26 September 2024 11:03 am

  Gold Prices Hold Steady Near Record Highs Ahead of Powell’s Address and Key U.S. Economic Data

  

  Gold prices remained steady in Asian trade on Thursday, staying close to their recent record highs, as investors shifted their attention to Federal Reserve Chair Jerome Powell’s upcoming address and significant U.S. economic data releases. Spot gold rose by 0.2% to $2,661.78 an ounce, while December gold futures steadied at …

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• 26 September 2024 2:37 am

  Market Drivers, US Session, September 25

  

  Market Focus Shifts to Powell’s Speech and Key Economic Data The US Dollar Index (DXY) experienced a sharp increase, rebounding from recent lows. This rebound was fueled by a combination of factors, including expectations for a stronger US economy and potential adjustments to monetary policy.The US dollar staged a significant …

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• 26 September 2024 2:08 am

  Swiss Franc Under Pressure Ahead of SNB Policy Meeting

  

  The Swiss Franc (CHF) is facing downward pressure as investors anticipate a potential interest rate cut by the Swiss National Bank (SNB) at its upcoming policy meeting. The USD/CHF pair has risen, reflecting market expectations for a more accommodative monetary stance from the SNB.SNB Rate Cut ExpectationsMarket participants are pricing …

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• 26 September 2024 12:53 am

  Gold Price Stabilizes Amidst Rising US Treasury Yields

  

  Gold prices have shown resilience despite rising US Treasury yields, maintaining a steady position above $2,650. The market’s increased expectation of further interest rate cuts by the Federal Reserve (Fed) has provided support to the precious metal. However, the strengthening US dollar and elevated Treasury yields have limited gold’s upside.Factors …

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